Stakeholders in the real estate sector have stated that property investment would boost the country’s economy this year.
The Chief Executive Officer of Wealth Island Properties Africa, Akintade Esan, argued that the real estate sector is one of the viable options available to investors, adding that the Nigerian economy was not as worse as projected by some.
“Nigeria is not in dire straits as most people think and are predicting. The economy will defy the dynamics that most people are used to, and that is where the confusion starts to form. However, some investment options have proven over time to be more predictable in difficult times like this.” He added, “In times such as this, money doesn’t reduce in circulation. It only moves from one sector to another sector, where its value is best appreciated. Property and housing for the under-served environment such as Nigeria give investors an advantage.”
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